ZIM Integrated Shipping Reviewing Strategic Alternatives After Acquisition Proposal From CEO

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ZIM Integrated Shipping Services (ZIM) said Tuesday that it continues to evaluate strategic alternatives after receiving a preliminary, non-binding takeover proposal from Chief Executive Eli Glickman and Israeli businessman Rami Ungar.

The company said it started the review process several months ago and has since received indications of interest from a number of parties. No further details were disclosed.

ZIM said there is no guarantee that any transaction will occur as a result of the review process.

Shares of ZIM Integrated Shipping were 14% higher in recent premarket activity Tuesday.

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